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Lecture Financial derivatives - Lecture 4: Options, futures and other derivatives

In this this chapter, we take a first look at forward, futures, and options markets and provide an overview of how they are used by hedgers, speculators, and arbitrageurs. Later chapters will give more details and elaborate on many of the points made here. | Lecture # 04 1. Options,Futures and other Derivatives How Firms Use Currency Futures Purchasing Futures to Hedge Payables Selling Futures to Hedge Receivables 1. How Firms Use Currency Call Options Using Call Options To Hedge Payables Using Call Options to Hedge Project Bidding 1. Hedge Funds (see Business Snapshot 1.1, page 9) 1. Hedge funds are not subject to the same rules as mutual funds and cannot offer their securities publicly. Mutual funds must disclose investment policies, makes shares redeemable at any time, limit use of leverage take no short positions. Hedge funds are not subject to these constraints. Hedge funds use complex trading strategies are big users of derivatives for hedging, speculation and arbitrage | Lecture # 04 1. Options,Futures and other Derivatives How Firms Use Currency Futures Purchasing Futures to Hedge Payables Selling Futures to Hedge Receivables 1. How Firms Use Currency Call Options Using Call Options To Hedge Payables Using Call Options to Hedge Project Bidding 1. Hedge Funds (see Business Snapshot 1.1, page 9) 1. Hedge funds are not subject to the same rules as mutual funds and cannot offer their securities publicly. Mutual funds must disclose investment policies, makes shares redeemable at any time, limit use of leverage take no short positions. Hedge funds are not subject to these constraints. Hedge funds use complex trading strategies are big users of derivatives for hedging, speculation and . | Lecture # 04 1. Options,Futures and other Derivatives How Firms Use Currency Futures Purchasing Futures to Hedge Payables Selling Futures to Hedge Receivables 1. How Firms Use Currency Call Options Using Call Options To Hedge Payables Using Call Options to Hedge Project Bidding 1. Hedge Funds (see Business Snapshot 1.1, page 9) 1. Hedge funds are not subject to the same rules as mutual funds and cannot offer their securities publicly. Mutual funds must disclose investment policies, makes shares redeemable at any time, limit use of leverage take no short positions. Hedge funds are not subject to these constraints. Hedge funds use complex trading strategies are big users of derivatives for hedging, speculation and . | Lecture # 04 1. Options,Futures and other Derivatives How Firms Use Currency Futures Purchasing Futures to Hedge Payables Selling Futures to Hedge Receivables 1. How Firms Use Currency Call Options Using Call Options To Hedge Payables Using Call Options to Hedge Project Bidding 1. Hedge Funds (see Business Snapshot 1.1, page 9) 1. Hedge funds are not subject to the same rules as mutual funds and cannot offer their securities publicly. Mutual funds must disclose investment policies, makes shares redeemable at any time, limit use of leverage take no short positions. Hedge funds are not subject to these constraints. Hedge funds use complex trading strategies are big users of derivatives for hedging, speculation and arbitrage | Lecture # 04 1. Options,Futures and other Derivatives How Firms Use Currency Futures Purchasing Futures to Hedge Payables Selling Futures to Hedge Receivables 1. How Firms Use Currency Call Options Using Call Options To Hedge Payables Using Call Options to Hedge Project Bidding 1. Hedge Funds (see Business Snapshot 1.1, page 9) 1. Hedge funds are not subject to the same rules as mutual funds and cannot offer their securities publicly. Mutual funds must disclose investment policies, makes shares redeemable at any time, limit use of leverage take no short positions. Hedge funds are not subject to these constraints. Hedge funds use complex trading strategies are big users of derivatives for hedging, speculation and arbitrage